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7542 and 7656 S Colfax Ave
7542 and 7656 S Colfax Ave
Chicago, IL 60649
About
Two triplex properties located in Chicago, Illinois. The first property at 7542 S Colfax Ave is a triplex built in 1921 consisting of two 3-bedroom, 1-bathroom units and one 4-bedroom, 1-bathroom unit with approximately 1,500 sq ft per unit, all renovated in 2016–2017. Unit 1 receives a CHA subsidy of $1,246 per month with payments currently withheld pending CHA Change of Ownership/Management application processing. Unit 2 is now vacant and under rehab prior to listing building for sale, and Unit 3 is in eviction. The second property at 7656 S Colfax Ave is a triplex built in 2008 consisting of three 3-bedroom, 2-bathroom units with approximately 1,150 sq ft each. This building is 50% owned by an end-buyer undergoing rehab and refinance to complete a full sale and return $165k + 50% of profit to investors.
7656 S Colfax Ave
Properties originally listed for sale on the marketplace by Marco Cesario with RE/MAX Next.
Click here to learn more about how third parties list their properties on the Lofty Marketplace.
7656 S Colfax Ave, Chicago, IL 60649
3-Unit property (Triplex) located in Chicago, Illinois.
Details
- 9 bedroom, 6 bathroom Triplex built in 2008
- Comprised of three 3 bedroom, 2 bathroom units with 1,150 sq ft each
- The in-unit improvements include: New kitchen cabinets, granite counter tops & mosaic tile backsplashes, hardwood floors, brush nickel faucets, SS appliances, bathrooms, light fixtures, ceiling fans, and individual HVACs
Property Management and Insurance
- Managed by ECO Systems LLC
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
- Unit 1 (Eviction in progress)
- Eviction in progress
- Unit 2 (Delinquent, eviction in progress)
- Eviction granted, waiting on set-out
- Tenant owes a balance of $13,910
- 1 year lease renewal (01/01/2024 - 12/31/2024)
- $1,391/month
- Tenant was previously on a 1 year lease (12/15/2022 - 12/31/2023) at $1,350/month
- Lease Agreement
- Unit 3 (Eviction in progress)
- Eviction in progress
Location Data
Due Diligence Documents
- Inspection Report
- Assignment Contract
- Operating Agreement
- Closing Statement
- Property Deed
- View All Documents
7542 S Colfax Ave
7542 S Colfax Ave, Chicago, IL 60649
3-Unit property (Triplex) located in Chicago, Illinois.
Details
- 10 bedroom, 3 bathroom Triplex built in 1921
- Comprised of two 3 bedroom 1 bathroom units and one 4 bedroom 1 bathroom unit with approximately 1,500 square feet of living space per unit
- All units were completely renovated in 2016 and 2017. The in-unit improvements include:
- Kitchen cabinets, granite counter tops & mosaic tile backsplashes, new engineered hardwood floors, brush nickel faucets, GE appliances, bathrooms, light fixtures, and ceiling fans. The capital improvements include: new electrical service with GFCI’s, plumbing, new windows, HVAC, trim, doors, and new porches.
- This property has a 7.5% maintenance reserve instead of the typical 5% maintenance reserve to cover the following non-urgent repairs
- New roof re-sealing layer - $6,900
- Spot Brick & mortar tuck pointing - $10,000
- Potential remediation of moisture damage to floor of Unit 2 - $3,500
Property Management and Insurance
- Managed by ECO Systems LLC
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
- Unit 1
- The housing authority is withholding payments of $4,984 until the housing inspection is completed and passed.
- 1 year lease (08/01/2022 - 07/31/2023)
- $1,246/month
- Tenant receives rental assistance from the Chicago Housing Authority (CHA). The CHA portion of rent is $1,246/month and the tenant portion is $0.
- Lease Agreement
- CHA Lease Renewal
- The tenant signed a lease renewal at $1,246/month from 08/01/2023 to 07/31/2024.
- The lease renewal fee is $350 and will be deducted from May's rent.
- Unit 2
- 1 year lease (02/17/2025 - 02/16/2026)
- $1,290/month
- $2,580 Security Deposit
- Unit 3 (Eviction in progress)
- 1 year lease (03/21/2024 - 03/20/2025)
- $1,260/month
- $1,890 Security Deposit
- The tenant is responsible for all utilities
Location Data
Due Diligence Documents
Property Management
ECO Systems LLC
ECO Systems LLC is a property management company specializing in residential rental properties across the Midwest and East Coast. With a diverse portfolio spanning Ohio, Illinois, New York, and Florida, ECO Systems focuses on hands-on property management, tenant relations, and maximizing returns for co-owners. The team manages properties ranging from single-family homes to small multifamily buildings, with a particular focus on affordable housing markets with strong rental demand.
Due Diligence Documents
About this offering
The Market
Chicago, IL
Chicago, IL offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Signal-only Lofty owner update for 2026-07.
Property: 7542 and 7656 S Colfax Ave, Chicago, IL 60649
- Property Update (07/14/2026): Hi everyone,
This month's update includes the current reviewed financial summary.
Financial summary:
Financial data is shown as of 2026-06.
Monthly Cash Position (2026-06)
Amounts are shown as of 2026-06. Cash held by the Property Manager includes all property-attributed funds through the as-of month, including accrued fees.
Repair reserve held by Lofty: $22,003.00 Cash held by the Property Manager (including accrued fees): $170,898.05
Actual July 31 position:
- Cash balance (currently accessible): $92.65
- July 31 cutoff balance: $0.00
- Post-close net cash activity: $92.65
- 7542 and 7656 S Colfax Ave cash held by the PM: $0.00
- Recorded unpaid bills: $4,373.40
- Due to the Property Manager — LLC management fees: $750.00
- Due to Property-tax authority — Taxes: $3,623.40
- Spendable cash after recorded bills: $0.00
- Spendable cash held by the Property Manager (PM): $0.00
- Repair reserve: $22,003.00 — set aside for repairs.
Neither number is an approved payout. If anything looks wrong, please email ecosystemspm@gmail.com.
Scope: current property signal plus current financial summary only. Supporting documents remain in the public property folder under 00 - README & Property Snapshot and 07 - P&L & Owner Statements.
7656 S Colfax Ave
- This property received an insurance refund check of $255.74, which will be added to its Operating Reserve.
7542 S Colfax Ave
Governance Vote for 7542 & 7656 S Colfax Ave:
An owner with the following wallet address is proposing a governance vote.
This owner holds 12 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
7542 and 7655 S Colfax Ave DAO hereby serves its property manager ECO Systems LLC with notice and demand to remit all net proceeds of the $222,003 (estimated) insurance settlement owned by the DAO and to provide a full accounting of any deductions made from that amount.
Such action shall occur within five business days of this action (if approved), or the DAO shall declare ECO Systems in default of its management agreement and duties and any prior arrangements to vest up to 5% ownership of the DAO to Earl Vance/ECO Systems shall be declared defaulted, null and void and the DAO shall clawback any tokens owned by Vance/ECO.
Such funds shall be remitted to Lofty AI Inc. at payment instructions to be provided upon passage of this action.
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Tuesday, July 28th once the voting period ends.
Investor Reviews
N/A/5(0 reviews)No reviews yet
Investors haven't shared their experience with this property yet.
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$40
Monthly Rent
$1,916
Monthly Expenses
-$1,876
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.
About this offering
Returns
Monthly Operating Statement
Order book
Trading has not opened yet
The order book appears once this property reaches the secondary market and investors can place buy and sell orders.
Share price
$48.91
7542 and 7656 S Colfax Ave
Chicago, IL 60649
About
Two triplex properties located in Chicago, Illinois. The first property at 7542 S Colfax Ave is a triplex built in 1921 consisting of two 3-bedroom, 1-bathroom units and one 4-bedroom, 1-bathroom unit with approximately 1,500 sq ft per unit, all renovated in 2016–2017. Unit 1 receives a CHA subsidy of $1,246 per month with payments currently withheld pending CHA Change of Ownership/Management application processing. Unit 2 is now vacant and under rehab prior to listing building for sale, and Unit 3 is in eviction. The second property at 7656 S Colfax Ave is a triplex built in 2008 consisting of three 3-bedroom, 2-bathroom units with approximately 1,150 sq ft each. This building is 50% owned by an end-buyer undergoing rehab and refinance to complete a full sale and return $165k + 50% of profit to investors.
7656 S Colfax Ave
Properties originally listed for sale on the marketplace by Marco Cesario with RE/MAX Next.
Click here to learn more about how third parties list their properties on the Lofty Marketplace.
7656 S Colfax Ave, Chicago, IL 60649
3-Unit property (Triplex) located in Chicago, Illinois.
Details
- 9 bedroom, 6 bathroom Triplex built in 2008
- Comprised of three 3 bedroom, 2 bathroom units with 1,150 sq ft each
- The in-unit improvements include: New kitchen cabinets, granite counter tops & mosaic tile backsplashes, hardwood floors, brush nickel faucets, SS appliances, bathrooms, light fixtures, ceiling fans, and individual HVACs
Property Management and Insurance
- Managed by ECO Systems LLC
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
- Unit 1 (Eviction in progress)
- Eviction in progress
- Unit 2 (Delinquent, eviction in progress)
- Eviction granted, waiting on set-out
- Tenant owes a balance of $13,910
- 1 year lease renewal (01/01/2024 - 12/31/2024)
- $1,391/month
- Tenant was previously on a 1 year lease (12/15/2022 - 12/31/2023) at $1,350/month
- Lease Agreement
- Unit 3 (Eviction in progress)
- Eviction in progress
Location Data
Due Diligence Documents
- Inspection Report
- Assignment Contract
- Operating Agreement
- Closing Statement
- Property Deed
- View All Documents
7542 S Colfax Ave
7542 S Colfax Ave, Chicago, IL 60649
3-Unit property (Triplex) located in Chicago, Illinois.
Details
- 10 bedroom, 3 bathroom Triplex built in 1921
- Comprised of two 3 bedroom 1 bathroom units and one 4 bedroom 1 bathroom unit with approximately 1,500 square feet of living space per unit
- All units were completely renovated in 2016 and 2017. The in-unit improvements include:
- Kitchen cabinets, granite counter tops & mosaic tile backsplashes, new engineered hardwood floors, brush nickel faucets, GE appliances, bathrooms, light fixtures, and ceiling fans. The capital improvements include: new electrical service with GFCI’s, plumbing, new windows, HVAC, trim, doors, and new porches.
- This property has a 7.5% maintenance reserve instead of the typical 5% maintenance reserve to cover the following non-urgent repairs
- New roof re-sealing layer - $6,900
- Spot Brick & mortar tuck pointing - $10,000
- Potential remediation of moisture damage to floor of Unit 2 - $3,500
Property Management and Insurance
- Managed by ECO Systems LLC
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
- Unit 1
- The housing authority is withholding payments of $4,984 until the housing inspection is completed and passed.
- 1 year lease (08/01/2022 - 07/31/2023)
- $1,246/month
- Tenant receives rental assistance from the Chicago Housing Authority (CHA). The CHA portion of rent is $1,246/month and the tenant portion is $0.
- Lease Agreement
- CHA Lease Renewal
- The tenant signed a lease renewal at $1,246/month from 08/01/2023 to 07/31/2024.
- The lease renewal fee is $350 and will be deducted from May's rent.
- Unit 2
- 1 year lease (02/17/2025 - 02/16/2026)
- $1,290/month
- $2,580 Security Deposit
- Unit 3 (Eviction in progress)
- 1 year lease (03/21/2024 - 03/20/2025)
- $1,260/month
- $1,890 Security Deposit
- The tenant is responsible for all utilities
Location Data
Due Diligence Documents
Property Management
ECO Systems LLC
ECO Systems LLC is a property management company specializing in residential rental properties across the Midwest and East Coast. With a diverse portfolio spanning Ohio, Illinois, New York, and Florida, ECO Systems focuses on hands-on property management, tenant relations, and maximizing returns for co-owners. The team manages properties ranging from single-family homes to small multifamily buildings, with a particular focus on affordable housing markets with strong rental demand.
Due Diligence Documents
Offering Details
The Market
Chicago, IL
Chicago, IL offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.
Property Updates
Signal-only Lofty owner update for 2026-07.
Property: 7542 and 7656 S Colfax Ave, Chicago, IL 60649
- Property Update (07/14/2026): Hi everyone,
This month's update includes the current reviewed financial summary.
Financial summary:
Financial data is shown as of 2026-06.
Monthly Cash Position (2026-06)
Amounts are shown as of 2026-06. Cash held by the Property Manager includes all property-attributed funds through the as-of month, including accrued fees.
Repair reserve held by Lofty: $22,003.00 Cash held by the Property Manager (including accrued fees): $170,898.05
Actual July 31 position:
- Cash balance (currently accessible): $92.65
- July 31 cutoff balance: $0.00
- Post-close net cash activity: $92.65
- 7542 and 7656 S Colfax Ave cash held by the PM: $0.00
- Recorded unpaid bills: $4,373.40
- Due to the Property Manager — LLC management fees: $750.00
- Due to Property-tax authority — Taxes: $3,623.40
- Spendable cash after recorded bills: $0.00
- Spendable cash held by the Property Manager (PM): $0.00
- Repair reserve: $22,003.00 — set aside for repairs.
Neither number is an approved payout. If anything looks wrong, please email ecosystemspm@gmail.com.
Scope: current property signal plus current financial summary only. Supporting documents remain in the public property folder under 00 - README & Property Snapshot and 07 - P&L & Owner Statements.
7656 S Colfax Ave
- This property received an insurance refund check of $255.74, which will be added to its Operating Reserve.
7542 S Colfax Ave
Governance Vote for 7542 & 7656 S Colfax Ave:
An owner with the following wallet address is proposing a governance vote.
This owner holds 12 shares in this property.
The owner's reasoning is below, word-for-word:
*Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
7542 and 7655 S Colfax Ave DAO hereby serves its property manager ECO Systems LLC with notice and demand to remit all net proceeds of the $222,003 (estimated) insurance settlement owned by the DAO and to provide a full accounting of any deductions made from that amount.
Such action shall occur within five business days of this action (if approved), or the DAO shall declare ECO Systems in default of its management agreement and duties and any prior arrangements to vest up to 5% ownership of the DAO to Earl Vance/ECO Systems shall be declared defaulted, null and void and the DAO shall clawback any tokens owned by Vance/ECO.
Such funds shall be remitted to Lofty AI Inc. at payment instructions to be provided upon passage of this action.
The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Tuesday, July 28th once the voting period ends.
Investor Reviews
N/A/5(0 reviews)No reviews yet
Investors haven't shared their experience with this property yet.
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$40
Monthly Rent
$1,916
Monthly Expenses
-$1,876
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.